Wetown Electric Group Jiangsu Investment Company was established on July 13, with a registered capital of 50 million yuan. The company's legal representative is Wu Bo, and its business scope includes engaging in investment activities with its own funds, venture capital, asset management services for investments made with its own funds, and equity investment. It is wholly owned by Wetown Electric.
Wetown Electric Group Co LtdEstablishes a wholly-owned investment subsidiary with 50 million yuan registered capital; impact on parent company unclear without further details on investment strategy or expected returns.